Fin sector raises NBFC liquidity issue with FM

Times of India | Jun 14, 2019 at 1:14 AM
  • Creation of a special liquidity window for non-banking finance companies (NBFCs), review of interest rates of small savings schemes and setting up of a panel to review bad loan provisions in the banking sector were among a clutch of demands raised by the financial and capital markets sectors in their pre-budget meeting with finance minister Nirmala Sitharaman on Thursday.
  • The main areas of discussion focused on issues linked to the capital markets, the financial sector, NBFCs and alternative investment funds (AIFs), among others.
  • Several suggestions were submitted, including the need to infuse capital in niche and regional banks, enhancing role of the financial sector development council, and issues facing the NBFC sector.